Pajhwok Services

Photo Service

SMS News Service

Pajhwok combines its expertise and experience in news reporting with a telecom firm and thus reach a wider audience in an 
effective way.

To subscribe: 
English News Update : Send 83 to 824
Dari News Update : Send 84 to 824
Pashto News Update : Send 85 to 824

Election Coverage

Special Mining Page

Afghan Peace Process Special Page

Addvertise With Pajhwok

Daily Newsletter

Sending Time (GMT / Kabul time)

Suggest a Story

Pajhwok is interested in your story suggestions. Please tell us your thoughts by clicking here.

China to explore oil, gas in Sar-i-Pul

China to explore oil, gas in Sar-i-Pul

Dec 26, 2011 - 19:12

KABULinfo-icon (PANinfo-icon): Afghanistaninfo-icon would enter an agreement with a Chinese firm on oil and gas exploration in the Amu River field in northern Sar-i-Pul province, the Presidential Palace said on Monday.

Chairing a Cabinet meeting, President Hamid Karzai directed Minister of Mines Wahidullah Shahrani to finalise the deal with the government-controlled Chinese firm.

Under the proposed accord, the Chinese company will jointly explore with the Afghan firm, Watan Group, gas and oil reserves in the Qashqari, Bazaar Kami and Zamrudsai areas of Sar-i-Pul.

A statement from Karzai's office said oil reserves in the field were estimated at 87 million barrels. Under the agreement, China will pay the Afghan government 15 percent of income from the oil in royalty and 20 percent in tax.

Seventy percent of the oil will be provided to Afghanistan, according to the statement, which said the first-ever comprehensive agreement would pave the ground for establishing an oil refinery in Afghanistan.



Related Article

Download “Pajhwok” mobile App, on your smartphone to read and access latest news, features, interviews, videos and photos about Afghanistan.


Add new comment


Twitter Update